▲ 20 ▼ Jacob Rees-Mogg says HS2 money should be used to scrap inheritance tax (leftfootforward.org) submitted 2 years ago by Syldon@feddit.uk to c/uk_politics@feddit.uk 25 comments fedilink hide all child comments
[–] Syldon@feddit.uk [S] 2 points 2 years ago (1 child) There won't be many banks who would not mortgage a £550 asset for £20k. permalink fedilink source parent hideshow 2 child comments replies: [–] frog@beehaw.org 1 point 2 years ago Exactly. You'd have to be really, really untrustworthy, with an appalling credit score and no income, and probably a criminal record for fraud, before a bank wouldn't do that mortgage. So paying inheritance tax on a high value asset isn't impossible if you don't have the actual cash in the bank at the time of your relative's death. permalink fedilink source parent
[–] frog@beehaw.org 1 point 2 years ago Exactly. You'd have to be really, really untrustworthy, with an appalling credit score and no income, and probably a criminal record for fraud, before a bank wouldn't do that mortgage. So paying inheritance tax on a high value asset isn't impossible if you don't have the actual cash in the bank at the time of your relative's death. permalink fedilink source parent